Merced VA Loan Rates, Closing Costs & Stats

MERCED, CA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Merced's 45 lenders originated 163 VA loans during 2024. The total origination value was $66,545,000, with an average VA loan value of $408,252.

    Merced VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Merced averaged 6.46% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Merced's average VA mortgage closing costs are $6,712.

    The average rate for the prior week (2025-07-04) was 6.77% and one month ago for the week of 2025-06-06, the average rate was 6.54%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.62%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Merced VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Merced level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 27 5.89% $7,894
    Mortgage Research Center, LLC 19 6.12% $7,145
    QUICKEN LOANS, LLC 10 5.83% $8,003
    LEADERONE FINANCIAL CORPORATION 10 6.26% $9,982
    FREEDOM MORTGAGE CORPORATION 9 6.06% $6,675
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.36% $10,545
    VILLAGE CAPITAL MORTGAGE 7 5.78% $5,951
    GUARANTEED RATE, INC. 5 5.95% $3,580
    GUILD MORTGAGE COMPANY 4 6.31% $13,110
    INSPIRE HOME LOANS INC. 4 5.44% $6,298
    NEW DAY FINANCIAL, LLC 4 7.55% $15,014
    PENNYMAC LOAN SERVICES, LLC 3 5.71% $9,551
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.17% $7,318
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.17% $5,658
    The Federal Savings Bank 3 6.21% $17,817
    LOANDEPOT.COM, LLC 3 5.88% $14,400
    DHI MORTGAGE COMPANY, LTD. 3 5.49% $7,783
    AMERICAN FINANCIAL NETWORK, INC. 2 6.44% $17,729
    Century Mortgage Company DBA Century Lending Company 2 6.25% $6,928
    CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $3,141
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $1,184
    MORTGAGEONE, INC. 2 6.69% $7,931
    LADERA LENDING, INC. 1 6.75% $11,332
    HomePromise Corporation 1 7.88% $900
    Magnolia Bank 1 6.25% $38,979
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $25,243
    CARDINAL FINANCIAL 1 6.25% $13,282
    GoPrime Mortgage, Inc. 1 6.00% $4,259
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $125
    MOVEMENT MORTGAGE, LLC 1 6.75% $3,970
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $13,564
    Nations Lending Corporation 1 6.75% $12,647
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $15,451
    Golden Empire Mortgage, Inc. 1 6.63% $8,019
    NEWREZ LLC 1 5.38% $14,575
    Paramount Residential Mortgage Group, Inc. 1 5.75% $13,092
    GENEVA FINANCIAL, LLC 1 5.88% $12,871
    PHH Mortgage Corporation 1 5.25% $5,268
    PLANET HOME LENDING, LLC 1 4.99% $8,389
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $9,203
    ENVOY MORTGAGE, LTD 1 6.38% $6,336
    Cornerstone First Mortgage, Inc 1 6.75% $6,668
    Umpqua Bank 1 6.50% $4,763
    CLEARPATH LENDING 1 5.88% $18,951
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $15,656

    The top Merced VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 27 VA loans originated. Their average total fees are $7,894, which is $749 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Merced VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,145), UNITED WHOLESALE MORTGAGE, LLC ($7,894), QUICKEN LOANS, LLC ($8,003), LEADERONE FINANCIAL CORPORATION ($9,982) and .

    The lowest rate Merced VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.83%), UNITED WHOLESALE MORTGAGE, LLC (5.89%), Mortgage Research Center, LLC (6.12%), LEADERONE FINANCIAL CORPORATION (6.26%) and .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.